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MONEY With Melissa Francis

News/Business. Melissa Francis with a breakdown of the day's top stories and their impact on the American Taxpayer. New.

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01:00:00

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Virtual Ch. 130 (Fox Business)

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mpeg2video

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ac3

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480

TOPIC FREQUENCY

California 11, Us 8, Washington 7, John 4, Bret Baier 4, Matt Damon 4, Boehner 4, Geico 4, U.s. 4, Melissa 4, Ho 4, Burger 3, Iran 3, Bruce 3, America 3, Bret 3, Fracking 2, Michael Vick 2, Jerry Brown 2, Axiron 2,
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  FOX Business    MONEY With Melissa Francis    News/Business. Melissa Francis with a breakdown of the day's  
   top stories and their impact on the American Taxpayer. New.  

    December 20, 2012
    5:00 - 6:00pm EST  

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melissa: i'm melissa francis and here's what's "money" tonight. california's got its first ever fracking regulations but some say they go too far
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and could choke off access up to $15 billion barrels of oil. we'll drill down on the answers. plus, more talk and no walk in washington. shocker there. both side insist we need to stop spending. not that they're cutting a single penny from a single government program. fox news's bret baier with the real cost of spending. we all love a good hamburger, right? but is that pesky wrapper keep getting in your way? one fast-food chain may have solved the problem for good. they're making the wrapper edible. you have to see this one to believe it, trust me. even when they say it's not it is always about money. melissa: first, let's take a look at the day's market headlines. fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%.
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not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocketed 34%. the company is being acquired by rival intercontinental exchange for $3.2 billion in cash and stock. research in motion may be crawling its way out of the abyss. the blackberry maker left for dead earlier this year. now shares are up more than 100% in three months. it also beat third quarter estimates on both the top and bottom lines. shares leaping after hours. we start tonight with the convergence of reality an hollywood. matt damon's new film, "promised land" opens next friday but it is already sparking major controversy in the energy community. critic it is of the film say it casts fracking in a very negative light. they flat-out reject some truths about the process. with california imposing its first fracking regulations
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only yesterday. is this just hollywood being hollywood or is there an agenda behind this that's coming out at a very convenient time? let's go to fox news's john roberts for more on this one. so, john, give us the basics. what is this movie all about. >> well it is about hydraulic fracturing. you mentioned fracking at top. this is the shale gas revolution that has turned the united states just in a few short years from what look like it would be net importer of gas and now potentially exporter of gas. it is also based loosely on situation that happened in the little town of dimic, pennsylvania, where a faulty casing for a gas well allowed gas methane to escape in the local aquifer and con tam nant local wells. stars matt damon as gas company representative who goes into farming communities in pennsylvania to lock up leases for gas and john krasinski as environmental activist is out to stop him. here is quick look at the film. >> hi, everybody, i'm here
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because my farm is gone. the land turned brown and died. it happened to one of us it can happen to all of us. >> the two actors who produced and wrote this film say they wanted to make a film about american identity. they were originally going down the road of maybe the relationship between mining and problems with salmon in alaska. but decided to go in a different direction. here's what actor matt damon says about the movie. >> really asks more questions, you know, than it answers but they're important questions i think that we're all, that we all need to be asking right now. >> now the film isn't even out yet. it is limited release in new york and los angeles on december the 28th. it opens nationwide on january 4th but conservative bloggers got a hold of the copy of the script. when they looked through it, melissa, they this is really one-sided piece that looks more like a hit job against fracking than a balanced look at the natural gas industry. melissa: i think it is interesting it was supposed to be about the impacts on
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salmon and all of sudden turned over to fracking which is so popular right now. they're keying on something a revolution in this country. what has the industry's reaction been like so far? what do they think? >> no question the industry is worried about this. i talked to one industry analyst thought this could be to the fracking industry what the film the china syndrome with jane fonda and jack lemmon was to the nuclear power industry. charles ebinger is analyst with the brookings institute. here is what he told me. >> matt damon will give a convincing actor, undoubtedly casting concerns about shale gas on horizon and that will become a lot of people's perceptions that shale gas is not safe. >> right now the industry low-key, p.r. campaign, hey, wait a minute this movie is only telling one side of the story. that hess what they're saying about it. and they're prepared to ramp that up depending what the public reaction is, melissa. melissa: the industry provides a lot of jobs. the collateral damage could
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be meaningful. thanks so much for bringing us all of that. >> you bet. melissa: speaking of "promised land", californians sitting on a virtual gold mine of oil, possibly one of the largest reserves in the country. estimates that monterey shale holds as much as 15.4 billion barrels of recoverable oil just what we were talking about just now. what does the state want to do? crack down on tracking. in fact it just proposed the state's first-ever regulations. we have the california director of governmental affairs with the environmental working group and he help write these rules. nice to see you again, billy. thanks for coming on the show. >> you're welcome. melissa: tell me why you thought this was necessary right now? >> it's necessary because actually, we've been fracking for oil in california for 50 years, and our division of oil and gas, the state regulatory agency, hasn't been doing anything about it. they turned a blind eye towards it. they even denied it existed up until a year ago saying we don't need to frack for
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gas in california. we're fracking for oil, not gas. that is the big thing in california, oil. they finally have come around. jerry brown, administration, governor brown wants to do something about this. i did help the writee3 regulations. maybe i and other colleagues influenced them we tried to do legislation last couple years. we have the division of oil and gas's attention. melissa: yeah. >> what we're see something a sea change in culture and attitude. they really answered to chevron and occidental the last 100 years. now we want them to answer to the public. melissa: okay. you talk about governor jerry brown. he is, you know, not a conservative guy. has been a friend of the environment. even he says there is no environmental damage. he says the administration officials contend that california has some of the strictest rules currently about well safety in the nation. fracking has not caused environmental damage in the golden state. you said it has been going on for 50 years. there has been no problem. so why is it a problem? >> well, one thing, is we
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didn't know where anyone was fracking. the division of oil and gas don't require permit for it. they don't track it. we didn't know where wells were fracking. if someone found ben see in their wells they wouldn't know where it was from and weren't looking for it. that is one. key things in the new regulation, we let neighbors know of these projects that fracking or oil drilling is going to occur. the regs don't provide for that. you're supposed to monitor the internet to see if there is notice posted they will frack next door to you. we think people shouldn't come home to fracking without a public notice. melissa: that makes a lot of sense. you mentioned the groundwater. tim kostuc, state oil and gas supervisor of california division of geothermal resources says, there is no evidence of harm from fracking in groundwater in california at this time and it has been going on for many years. what do you think about that? >> well, again we don't know where fracking is occurred. i think we should be
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thankful there are no big cases. there is cases from groundwater pollution but from disposal operations. the key thing is well casing integrity. melissa: right. >> the our bread and butter is insuring integrity, where well casings fail, the industry say 5% on average fail that is the case in dimik and west virgina they can't tell us on a well by well basis. there are 55,000 wells in california. it is absurd we should try to pick out wells where casings may have failed. melissa: you make a great point because a lot of people in the industry on the other side say the same thing. that fracking in of itself not dangerous and doesn't cause contamination. it is when the well casing breaks is something the industry doesn't want to happen, that is waste of money. the well is failing. nobody wants that to happen. so if -- >> of course not. >> yeah. so we need to regulate further though? they're doing everything they can to not have the well casing cracks either?
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no one wants that. >> let me tell you and your viewers this, the industry themselves, oil and gas industry in fcc filings say fracking is inherently risky. threats of spills, explosions, blowouts. they themselves acknowledge the risk. melissa: that is true of all drilling though, isn't it? raul drilling contains some sort of risk. leaving your house in the morning you incur risk? >> well, yeah, but we don't want, you have to hold your breath because the air is dirty. we have to do the best job we can in protecting public resources. what we're saying is our state agency has been biased towards the industry for way too long, even the point of, until recently denying that we've been fracking in california. we think we've got them turned around. the light is being shown on them. the governor wants a good job. we hope these regulations will be good. right now our first look at them only been out a couple dies in draft form. there are a lot of holes that need to be fixed. >> to that point we have shown what you have drawn up
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to a lot of people in the industry and they don't think they're particularly onerous. seems like regulation that could make sense. we'll continue conversation another time. thanks for coming on. we appreciate it. >> you're welcome. melissa: time for today's fuel gauge report. natural gas futures spiked to two week high. forecast for continued cold weather helped fuel the rally. natural gas inventories dropped more than expected. that midwest blizzard also helping heating oil futures rise up .7 of a percent on anticipated increase in demand. stronger than expected revision in third quarter gdp plus surging existing home sales gave a boost to oil futures. they're now in their longest winning streak since september. rallying for a fifth straight day. oil settled above 90 bucks. 90.25 a barrel. next on "money", it is all bark and no from congress on the spending cuts. not one single dollar being cut from a single government program. fox news's bret baier is here to peel back the onion.
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he will explain all the layers. plus, just when you thought a hamburger couldn't get any worse for your health, along comes an edible wrapper. how one fast-food chain is uping the ante in the burger wars. you have will eat the wrapper. more "money" coming up. i always wait until the last minute.
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>> deficit. >> debt. >> deficits. >> massive debt and deficits. >> debt problems. >> debt problems. >> national debt. >> our debt is out of control. our deficits are out of control. melissa: we hear that all the time, right? deficits and the debt. the national debt clock spinning out of control every day. the federal government takes in about $5 billion and spends more than 11 billion every day! do you ever wonder how much of that number you and your family actually owe? the numbers are staggering. fox news's bret baier is here to break down the real cost of spending. bret, i love this series even though frankly it is really depressing, but it is information that we all
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need. nobody ever wants to crunch the numbers. so do it for us household by household basis. how much does my family actually owe as a result of these costs? >> yeah, melissa, it is staggering. it is depressing. when we say we owe it, it is a splitting up the debt per household and it breaks down to roughly 139, -- 139,000 per household, every single household in the u.s. as you mentioned the u.s. borrows roughly $6 billion every day. that is $239 million each hour. $4 million borrowed every minute. so that means for every dollar in revenues that the federal government brought in this year, every single dollar, they spent $2.06. this is a major spending issue for the federal government and that is why over this past week we've
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been doing a series, "the cost of spending" own "special report". tonight we look how the federal reserve factors into all this and how much interest rates really factor into into what the cost of federal government spends going forward. melissa: absolutely because you break down where all that money goes. one of them is interest on the debt. where does the rest of it go? >> well the breakdown is pretty amazing too. a lot of the spending goes to health and human services. the department of health and human services gets $3 billion of your tax dollars a day. social security, $2.5 billion daily. the department of defense, military programs, $1.8 billion daily. and then we talked about it, the interest that our country pays on our debt is roughly $854 million a day, every single day. that is the smallest out lie of this group but increasing all the time. remember that the fed is purposely keeping all these
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interest rates very low with, as you talked about many times, quantitative easing and putting all of this, printing money, keeping interest rates low and they're historically low. if they go up even a tick, you're going to see those interest rates rise and what we pay rise with it. melissa: right. goes right along with it. so what are some of the solutions so far? is anybody looking at, i feel like i know the answer to this, is anyone looking at trying to control, i mean could you control one of those pieces? does anyone want to? >> yeah. i mean there are solutions. on friday we're going to talk about real world workable solutions from a lot of economists and other folks but so far, so far, washington does not cut that way. in fact, cutting in washington is not really cutting. i mean it's basically increasing projected increases and just slowing the growth. essentially, just cutting the interest on projected
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increases in growth. and as you look at year after year, instead of cutting the yellow part, which is the actual spending in each of these years --. melissa: they just cut the increase on the spending. >> the increase which is the blue part. melissa: when you hear them come out and talk about oh, we cut a billion dollars already and we've already put this in there, they're not talking about actual cuts. they're talking about limiting the increase what they were spending before. that kind of math alls drives me nuts. another thing that drives me nuts, bret before we go, the fiscal cliff. i can't let you go without doing "money" meter. you can't help it. on scale of one to money what do you think the odds are we get a deal done on the fiscal cliff before the end of the year, before we go of at end. >> last time i had a two on the money meter. now i have upgraded to a three on the money meter. melissa: really?
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>> because i've seen john boehner kind of moving and talking to president obama. i still think there is really a lot of angst in his caucus to be able to get the votes to pass whatever through the house tonight. you probably will get this plan b passed and that will give him extra leverage to go back at the white house. so the question is, whether the president blinks and does some more spending cuts. i think that, that may happen but just, one more tick up on the money meter. melissa: one more tick up but we like it. you were talking about voting on house bill right now. that is going on. we're monitoring that situation tonight as the show is going on. speaker boehner out with a press conference earlier today. i thought he looked a lot more positive, happier. it was longer. the one yesterday was 45 seconds. it made me really worried he was furious and nothing going on. i will go along with the three. i like that a lot. bret, thanks for coming on the show. >> thanks.
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melissa. melissa: more on fox niece as you "special report", 6:00 p.m. eastern when this is over. it is a fantastic report. thanks, bret. coming up tonight on "money", maybe bret is right and the bill will pass tonight. the county down to the vote on so-called plan b for the fiscal cliff but one lawmaker says this whole process is actually a tragic comedy. today's power panel will break the whole thing down. that is coming up next. plus is all the beef and cheese and bacon and ketchup and hamburger, not doing it for you anymore? how about an edible wrapper to really spice things up? how one fast-food chain plan to fry the competition. look at that photo. what is he eating? the wrapper. do you ever have too much money? ♪
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♪ . melissa: the house kicked off the debate on speaker boehner's plan b on the fiscal cliff. you're looking at a live shot of the house floor right now. the bill could be passed tonight. we heard president obama's proposal. we heard boehner's counter offer and we heard plan b. somewhere in there has to be a solution, right? today's power panel is here to weigh in on what they would do to resolve the fiscal cliff negotiations. the peter morici, economist and professor at university of maryland and always a fabulous guest. lindh piegza, ftn financial and john littler. peter let you go first. watching this vote. a million balls are up in the air. something has to land somewhere. what would you do? >> if i were voting? melissa: yeah if you were voting. >> one to cut spending and
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extend bush tax cuts 10 years except people for over a million dollars. i have to vote for it. there are spending cuts there out in the future. that is the best you will do on such short notice. melissa: lindsay, what do you think. would you vote for plan b for both bills going through there. >> certainly would. it proviso solution. we get near term certainty and prevents u.s. economy from going over the cliff. if we look what bernanke said last week, really warned washington if we go over cliff the fed doesn't have tools to offset the impact and cliff being too large and will certainly send us into negative territory. the goal is to get some sort of solution to avoid the outcome. melissa: john, what do you think? is it okay bandaid solution better than no solution at all? some people think we would be better off going over the edge? >> well you know what? i think i think it will pass. i think that's what's important. it is likes texas hold 'em. you know what? show me your cards. so far the democrats have shown you nothing. i don't know why. i can't figure out who works
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at the white house besides obama. he is only one that ever speaks. i will tell you think it's a good start. i think it's unfortunate that bernanke has not been more involved with this process because what we're really talking about is trying to continue to stimulate the system. low taxes and raising the debt ceiling are both estimate laboratory and both in line with the fed. i think that is the right posture and correct thing to do. melissa: john, if you were on the floor you would vote yes on plan b? >> yep. >> peter, the problem with plan b, everybody is saying this all day, this is exercise in futility. they go ahead and pass it but you already heard from senate democrats it is dead on arrival over there so what is the point. >> if i was mr. boehner would not cave to the president increasing taxes without cutting spending in a serious way. plan b gives them something to point out. if we go over the cliff, look, i had a bill that i sent to the senate which would have preserved your tax cuts for everybody but folks, everybody but
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millionaires. but the democrats, they wouldn't vote on it. the president told them not to vote on it. so it is their turkey. melissa: but, lindsey, what drives me nuts, you heard what braet bear is talking about earlier. nobody is out there talking about really cutting spending, right? >> that's the problem. even if it is the president's approval or plan b none of these get to underlying structural issues. this is disingoinous conversation in washington. we're talking about 100 trillion in unfunded liabilities and we're arguing over 800 billion in tax increases on 2% of the population. it really doesn't ask the very difficult question of the middle class, saying long term, do you want to take on a larger tax burden or do you want to make a serious cut to the social spending? right now neither of these plans really address that long-term problem. melissa: john, it does seem like everyone in washington has given up on the idea of trying to fix this problem. i mean that's, all the talk we're hearing about raising taxes. when you're spending $2 for every dollar you're bringing in, there aren't enough
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taxes in the world to solve that problem. you have to really reform spending. i just don't hear that in these conversations. >> the democrats have put nothing on the table. all they talk about --. melissa: or the republicans really. i mean do you hear anyone on either side really saying we will do serious reform to entitlements? it is only way to solve this. >> no. neither side has done that because politically nobody wants to hear it. nobody wants to hear about the real pickle that we're in. the average household owes 130,000 bucks per household. nobody wants to really talk about that. and it is a very shortsighted conversation. i can't disagree with that but more importantly, you know, i think the question of are they going to pass this vote, is this going to get done by the end of the year? i will tell you it will get done by the end of the year. i would give that a nine out of 10. melissa: yeah. >> i think that's good for the equity markets and for vest, to. i think you should be getting fully invested here and using this as an
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opportunity. melissa: peter what does it mean, we were talking with bret baier about this in the last segment what does it mean every house owes $130,000? is that a tangible number? what way will the average family feel the pain in the debt? >> they will feel the pain once the debt gets large enough. we're on our way by end. decade, the government has to cut spending significantly simply to pay interest in the manner greece is so doing. we're on our way to becoming another greek tragedy, unless we gee the economy growing 3 to 4% a year the debt will outrun us. before a matter of time all the government programs the democrats are giving them. that is why they reelected president obama will not be there. melissa: lindsey, at what point does it become painful for americans? he talks about all of sudden we can't issue debt. we talk about how much china owes of our, owns of our debt. we own a lot of our own debt too. >> that's the problem.
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we're really at the precipice. this is the point we have to make the tough decision if we will become the next greece or reform the programs and make a discernable dent into the debt we already service that we have right now. really doesn't seem like either side is willing to make concession. obama is only going to concede if he can tell his populace if he raised taxes on rich. republicans will only succeed if we made a dent in spending. neither side looks like they want to give. >> john, are we at a tippingpoint in the debt crisis we're starting to borrow more than we can ever pay back and saddle our kids with this debt? doesn't seem like anyone in washington thinks that is the case. >> i'll tell you you're right. we're at the tippingpoint. putting it quantitatively, in my view whenever the gdp is above the average interest rate paying on the debt you're probably okay. but we have tipped other way. gdp 1%. average interest rate on debt is 2.65, 2.7. that is the tippingpoint.
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if that continues, that is big trouble. unless gdp gets above that we are in big trouble. that by the way goes to boehner's point, look, give businesses more money to spend. let's invest more in the country. not take it away from them in the form of higher taxes because i think that causes more problems. so we are at that tippingpoint. gdp lower than what we're paying out. melissa: that is an interesting metric. power panel, fantastic. thanks so much. >> thank you. thank you. melissa: legislation to crack down on iran's president in america's backyard. the congressman behind it joins us how it will help stop the iranian threat. that's coming up next. plus forget extra cheese. how about an extra wrapper on that burger? one fast-food chain brings a whole new meaning to have it your way. it isn't burger king though. "piles of money" coming up. ♪ . low testosterone,
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melissa: no deal yet on the fiscal cliff but the house approved some legislation this week. the senate department, i'm sorry, the state department will use one million dollars in an effort to address iran's growing presence in latin america amid increasing concern over iran's influence in the region. joining me now is the author of the bill, republican congressman from south carolina jeff duncan. congressman, well come to the show. >> melissa, thanks for
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having me. absolutely. thanks for having me. melissa: tell me what the legislation does. >> first off we have to get serious about the fact that iranians and their proxy, hezbollah primarily are in this hemisphere. this legislation will require the department of state to come up with counter strategy working with our neighbors here in hemisphere to protect american interests, posture properly and create policies to counter that threat. we all know the iranians had an assassination attempt that was supposed to happen in this country against the saudi ambassador. that was thwarted by the government. they were using mexican drug cartels coming through our porous border. iranians are here. we've got to get serious about that. >> is that the main concern, is that they're going to cross the border through mexico? or what are the specific concerns that we think that they're down there doing? >> well, we've got interests all over this hem miss fire. working with our neighbors who have interests as well.
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we need to understand what they're doing. that is part of the strategy. let's find out why they're here, what they're up to. are they placing operatives in embassies and consulates and charity organizations in order to launch some sort of attack against america should we trike or our allies strike against our nuclear program? we should realize they're here. this is real threat and come up with a strategy working with our allies here to counter that. melissa: i don'ttunderstand why you would specifically give the state department a million dollars to work on this though. this sounds like something that is a very credible threat but it is something that the cia would be working on all the time? >> we hope they are and, let me just reiterate we're not giving the state department a million dollars. they're allocating a million from their existing budget. melissa: okay. >> we're requiring them to spend existing dollars. there are no new dollars to spend here. melissa: why would you give them this specific assignment? again seems like we would have the intelligence agency, that there would be a lot of people already, homeland security, this is a huge problem that would already be agencies looking at this? >> and i hope they are but the department of state has
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to work with our allies in latin america, and south america, to come up with a strategy. we can't go it alone. we have to work with those countries. they have to recognize the threat. they have to tell us about who's there, what they're there for. then we've got to focus on our border. these are energy issues with pipelines. these are folks that are coming across our southern border possibly, strengthening that. working with all the agencies. the department of state needs to lead on this. this is their area. melissa: congressman, thanks so much for coming on. interesting stuff. >> melissa, thank you very much. melissa: so next on "money", all you want to do is take a huge bite of that hot, juicy hamburger. but there is always that disgusting wrapper getting in the way, right? well, if you're one of those people just too lazy, too lazy to take the thing off, your troubles are finally over. the edible wrapper has finally arrived. i'm not sure that is it. he may be eating a regular wrapper. at the end of the day it is all about money.
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[laughter] ...so as you can see, geico's customer satisfaction is at 97%.
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mmmm tasty. and cut! vergood. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please?
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melissa: i'm a fan of a good bigger. in and out is my death row meal of choice. never did i think i would have the option to eat a wrapper too. if i lived in brazil. bob's is one of the most poplar fast-food joints in the country is now serving up burgers with edible wrappers. the ad campaigns claim the customers want the food so badly they can't wait to unwrap it. here to chew through all the details including the wrapper, my favorite branding expert bruts turk kel. thanks for coming back to the show. >> sure. melissa: is this marketing genius? they shof the whole burger in their mouth because it is delicious? >> from a mark the asking point of view, the burger is so good. they can't wait. they have to tear into it. that is kind of like wearing crocs because you don't want to take your shoes off to take a shower. i'm not sure people will buy
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that but another thing to think about. 17% of the fast-food in the country is in cars. why they have french toast sticks and burger bites and clicken tend ders. the big messy burgers like the one you like you can't eat in the car. if they can wrap them up take them in the car, those are suvs for fast-food companies. that is where they make the money. melissa: i hear you on that point. it makes sense from the point of view if you're really on the go. here's the problem, the wrap are serves a purpose. it keeps hands and dirt and everything, everyone who is serving it to you off of it. so when you get the burger you can peel off the wrapper and in theory have a burger that is you know, sort of less contaminated as opposed to what my good friend josh patch is eating next to me, our stage manager who keeps biting into a burger we got from wendy's. he is eating the filthy dirty wrapper to be a good sport. i think he is getting hazard pay for this. bruce, come on the wrapper serves a purpose is my point? >> my roommates from college use to do that.
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they used to eat the wrapper. not sure for the same reason. we talk about every time, melissa. you're not the market. you're concerned about dirty hands. you're concerned about all that. people consuming these products they're eating these products to begin with. they don't care. i think the big problem is what happens when they like the wrapper more than the burger? melissa: well, okay. i mean, as i was, reading about it, they said they were, whole point was to make wrappers that taste like the food they're in, so burger flavored wrappers. this whole business could expand. i'm serious. i'm not kidding. >> you could have ketchup flavored, grilled onions. maybe order the burger and i want the salt and vinegar wrapper. no, i want the mustard and onion wrapper. melissa: tell me from a branding point of view here in america, do you think this is something that could actually take off? >> sure. i think people are --. melissa: really, come on! that's crazy. >> it is different. first of all, your kids, your boys will eat it just to gross you out. melissa: right. >> watch this, mom, you
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won't even know. melissa: that's true. >> they will get you in the store. get you eating it. yes i think this would catch on. i think people would appreciate it. who knows where it will lead. melissa: do you think it could actually be healthy? we were looking a list of what the things are made out of. dried fruit, nuts candy. some could be made out of mushrooms. it doesn't necessarily strike, there you go, right there. mushroom roots. what a delicious idea that is. i'm going to wrap my burger in mushroom roots. that sounds like the perfect topping to the end of a tough day. >> i have to tell you, fruits, nuts, and mushrooms sound healthier than what is probably inside. wasn't too long ago we were dealing with "pink slime". melissa: yeah. >> you could control it but you're right, the question what about people touching it? what about a protected barrier it will give you? right now it's a novelty. people will try it because it's a novelty. what will happen after that, who knows. >> yeah, i have to say, unfortunately our stage manager isn't here because
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he walked off and dropped dead from eating the wrapper around the burger. it is not a great endorsement. to be fair that was from wendy's in the building. that wasn't the edible one. we didn't tell him that before we asked him to eat it. we have big problems here on the set we'll try to fix. bruce, thanks for coming on. we appreciate it. >> thank you, melissa. i think the people who score here are the people who own the patent for edible underwear. they finally figured out what to do with it. >> bruce, thank you. god, i don't want to think about edible underwear around my cheeseburger. that is horrible image. thank you anyway. here is your question of the day, would you eat the edible wrapper around your burger? most of you say hell no. one of you on facebook said they would if it was made of bacon. all of sudden i'm on board. everything is better with bacon. we want to hear from more of you. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter @melissaafrancis. all right if the mayans
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are right we have only hours left until the apocalypse strikes but fewer americans are fully prepared for the end of the world. did someone say eight truckloads of prepackaged food. can you eat packaging on that food? details are next. you can't have too much money or fries dried food. -- freeze-died food i always wait until the last minute.
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can i still ship a gift in time r christmas? yeah, sure you can. gre. where's your gift uh... whew. [ male announcer ] break from the holiday strs. ship fedex express by december 22nd for christmas delivery.
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melissa: it is my favorite part of the cell. "spare change." today we are all lawyers up. things you very much. if first-time year. i love it. >> maiden voyage. melissa: the end of the world. it will be less time here. >> what a way to go out. melissa: first up, businesses of totally cashing in on tuesday which is tomorrow. companies are selling things like hundred thousand dollar bonkers for which sales have doubled this year. walmart and costco have options for a year's supply of food for one ranging from 900-$3,100. and now one of the largest free dried food suppliers is making a killing.
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what are you doing to prepare? >> a bunch of kids in their basement made up this whole thing to begin with who are laughing at because none of this is real. the mines and laughing. it was probably a good time to be selling life insurance. melissa: that's a good idea. melissa: some wondering why youa bunker this the end of the world because of its the end of the world the bunker is not going to help you. >> right? >> very upset right now. melissa: what do you think? >> i agree. the leader not, and on your page. >> the end of the world. >> the earth is ending. we now agree. melissa: well, 24 hours from now we're sitting in our homes. melissa: were having a big party. if you want to come, feel free. we will have to pay the bill tomorrow. put it on the credit card. who cares. moving on.
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save a little money. check of what he did. instead of packing a bag and checking it he put on all of this closed, 70 pieces altogether and told authorities he did not want to after paycheck is back. is this what it does come to? >> check the bag, got a lesson. can he actually sit in that system accuracy is like this to begin with. >> how would you like to be the people behind them? he has to come back. how long does that take? melissa: a great point. everybody is practically naked as you go through. we had to peel it off, put it all back on. i'm wondering how hot he was on that flight. the whole thing is ridiculous. >> creative. >> creative. here is one that is perfect for this time of year. take out what one homeowner in seattle has done to stay on top of the best holiday decorations.
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that's right. look closely. the three is coming through the roof of the house. the owner top of the top of the tree, put it on his roof and added some extra shingles to make it look like a burst through. a little hard to see. it's hysterical. i you going to do that tonight? representative bought that idea. >> i was thinking maybe santa claus legs. the other way. anybody, that's my idea. teenine ticket. >> the face, and he has the music with the beat. that's pretty cool. melissa: that would be great for like an hour. and then if i was the neighbors, please check that off. i think that's going to cause trouble. you know somebody who actually did that. >> in australia. melissa: the end of the world might go there first. next up, the jets are ready to move on. that is from mark sanchez,
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looking to trade quarterback. it might be good timing. expected to be released by the eagles. would not be at of the question. a good investment? what do you think? >> it would be pretty dangerous. people still remember the whole issue that he had. i know they picked him up, but there were some questionable folks working for them. i don't know if it's going to happen. >> it's an interesting analysis. someone has to say, has the san set as an sunset, san says. melissa: got it. i'm so sorry you had to explain that to us. >> a very interesting, but quick analysis. michael vick is very much like at ten tebow, a triple threat. you need other weapons around you because if you key in on michael vick and you can because you don't have a running game or anybody the throw to, you have accomplished absolutely

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